National Republican., 1887-09-23
A BETTER FEELING.
Closing Prices in the stock Exchange
Somewhat Higher.

New YORK, Sept. 22.-The stock market
was much less active to-day, the incllnl-
tion being to await developments in regard
to the new treasury policy, while the bears
were not so prominent under the improved
feeling on the streets. The feverlshness OF
the past few days still remained, but the
fluctuations were much narrower than for
week past, and the dealings comparatively
devoid OF special feature. The circular OF
the treasury induced free buying for the
long account, which, with the purchasers
for the foreigners, which assumed large
proI ortions, opened the market very high.
The home demand was soon supplied,
though the activity and excitement at the
opening were equal to anything seen dur.
Ing the week. The high figures brougb
out free realizations and some resistance
from the bears and material reaction from
the best figures was brought about. The
confident feeling again found expression,
however, late in the day, when another adj.
vance stimulated by favorable rumors was
brought about. II was said that large
amount Of 4 per cents were TO be offered
from this city today, and also that Messrs
Gould and Sage had purchased the Balti
more and Ohio telegraph system. Western
Union became the pivotal stock by reason
OF this and led the afternoon advance.
The same stocks leo. In the dealings, but
were much quieter and comparatively
featureless.
The opening was extraordinarily strong
at advances on tho active list, extending to
IL per cent. and In special cases to over 2
per cent. Further slight gains were made
In the early dealings, when the best figures
OF the day were recorded, but the pressure
to sell turned the course OF prices down
ward, and losses ranging up to Ii per cent.
were sustained. The market then became
feverish and unsettled, but generally weak,
and relapsed into dullness. In the after
noon, however, the current again changed
and prices slowly crept up, and In the last
hour decided strength was developed under
the lead of Western Union. Tho close was
quiet, but firm, at near the best figures Of
the day. Closing prices are almost invaria-
bly, higher as compared with yesterdays
figures.
Money on call has been easy, opening
| at 9, ranging from to 9, last loan ut 8,
and closing offered ate. Sterling exchange
is feverish, but unchanged. Actual bust
ness at 4703 to 4S0 for 60-day bills, and IS4
| to 4s4i for demand. Posted rates, 4Sl to
| 1851. Government bonds have been quiet
but steady to firm. State bonds have been
neglected.
Treasury balances Coin. sl3I, ,243, ,2S2 2s;
currency, $13,s06,67s.7s.
Tho following were tho closing bid quota
| tions'
As, 1876; ~ coup, 1857; Pac. es of ,95, l22
Dist. Col. 1855, sl20; sa. g, gold +lO6
es, 1913; do. Is, F07; Tenn. settlement 6s, 100
do. Is, 100; Va; Is, A.; DO. Icons co,n1sols, X n
firsts, il4Io; Denv. and II. q. firsts, 70; NJ. X
and T., 903<; Northern Pac. ilrsts, ILL., do
seconds, 1o25s; Northwestern cons, *lSo; do
| debenture, +l0S st. L. and San Fran, liz, 81
Paul con-, #12S; st. l. Chicago and Pac. hrstl
lis; Southern, Pac; firsts, Ill: 7. P. r. g: and
9sh; Adams Express, 1i5: Alton and t. II
3S3I do. pfd, 20: Am. Express, l05; Bos. All
Line pfd., 9S; b. g. and II, N. 80; Canada
Southern, 531E; Canton, f55; Cen. Pac., "a
Ches. and Ohio, s; Chicago and Alton, 130
do; pid lS5; 2; B, and g, lsi; Gleye
aHd % Del SS and % III PSTt PSny wSTns AND R.
Harlem, 2l5; Houston and Texas, u; III. Cen,
llS19; Kans. and Texas, 2s1aa; l.. l.. and W., IA
Lake Shore, 935s; Lvl. and Nash, 6l9l
N; 4 L., iis1$; Mich. Cen, s5,S; Mo. Pac,
s2'1; Mob and o., lSI Mar 1G;> and d., f. l9s
Western pfd., Az; Northern Pao., 2S55s: do pfd.
Y. Cen, 1919: Chicago and Sc. L.. 16; dc
pfd., 90; Ohio and Miss, 26ls do. pfd., 81
Oregon Nav, 81; Pac. Mail, 3i3S; Pitts
burg, 153; Reading, 5Oh; Richmond an
A4leg", !; RiGhmond and Dan, l59 R9;
dG5i; do. first pfd ioS; St. PAUL, s5l; do Pic iptt
ns1S; st p. and o.. 4211S: do. .pfd., l07: TGxe
Fac, 211s; Union Pac., 521l; .. s. X. 70; Wal
Pac., 17H; do. pfd, 3lI4; Wells Fargo 100
West. Union. 74lS Tenn. Coal and Iron, q
Cotton Oil Trust, 2S7s; Quicksilver, 515; dc
pfd. %.